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jack welch. he'll tell me why in a moment. despite the rally since 2009, investors have yanked hundreds of billions of dollars out of the market. is there a lost generation of investors? can they come back in.
jack welch. he'll tell me why in a moment. despite the rally since 2009, investors have yanked hundreds of billions of dollars out of the market. is there a lost generation of investors? can they come back in.
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Oct 6, 2012
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jack welch, former chairman of ge accused the white house of cooking the books he said these chicago guys will do anything when pressed by chris matthews, he wouldn't take it back. >> i have no evidence to prove that. i just raised the question. >> did you talk to the economists or any of the people in the accounting world that understood how the numbers were put together before you accuse the chicago guys of changing the numbers? >> it seems like a coincidence, that one month before the election they would end up at 7.8. >> reporter: the numbers are crunched by the economists and the independent bureau of labor statistics, civil servants, not employees. >> these are skilled people working in the bls, it is ridiculous to hear that kind of statement. >> reporter: a prominent romney supporter agrees. >> there was no way they were manipulated for political purposes. the people that put it together were civil servants, the experts in the area. the process was one of integrity. >> reporter: while some see it as a boost, romney is trying to neutralize the attack, over his comments regardin
jack welch, former chairman of ge accused the white house of cooking the books he said these chicago guys will do anything when pressed by chris matthews, he wouldn't take it back. >> i have no evidence to prove that. i just raised the question. >> did you talk to the economists or any of the people in the accounting world that understood how the numbers were put together before you accuse the chicago guys of changing the numbers? >> it seems like a coincidence, that one month...
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jack welch suggested the obama administration manipulated the numbers. but on cnbc, labor secretary hilda solis called that claim "ludicrous" and defended the bureau of labor statistics. >> you know, i'm insult when i hear that, because we have a very professional civil service organization where you have top, top economists that work at the b.l.s. >> brown: the employment numbers landed as the campaigns put up new ads attacking each other on jobs and taxes. >> president obama says he's creating jobs. but he's really creating debt. the facts are clear. obama's four deficits are the four largest in u.s. history. he's adding almost as much debt as all 43 previous presidents combined. and over 30 cents of every dollar obama spends is borrowed, much of it from countries like china. he's not just wasting money; he's borrowing it and then wasting it. we can't afford four more years. >> why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because, according to experts, he'd have to raise taxes on the middle class, or i
jack welch suggested the obama administration manipulated the numbers. but on cnbc, labor secretary hilda solis called that claim "ludicrous" and defended the bureau of labor statistics. >> you know, i'm insult when i hear that, because we have a very professional civil service organization where you have top, top economists that work at the b.l.s. >> brown: the employment numbers landed as the campaigns put up new ads attacking each other on jobs and taxes. >>...
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. >> peter: and interesting 7.8% number, economists and jack welch, where did this come from, the raw numbers put out and a disconnect. >> clayton: we have to look the at revised numbers a few months later and maybe find out in december what the true number was or were in september. but we have new numbers out of ohio. the all important battle ground state of ohio where president obama has been leading significantly there. in recent polls, well not significantly, but 5 or 4 points accord to go what karl rove was talking about, 49-50%. and looking at virginia, and there mitt romney has pulled ahead of president obama 49-48% within the mar begin of error, but definitely experiencing a debate bounce. and speaking of which, let's talk about the money they have been able to raise because this plays into how people are feeling after the debate as well. in just the 48 hours since the debate, mitt romney has been able to raise 12 million dollars online and just staggering numbers. >> peter: at the same time, the president announced that they raised 181 million dollars in september, about 1.8
. >> peter: and interesting 7.8% number, economists and jack welch, where did this come from, the raw numbers put out and a disconnect. >> clayton: we have to look the at revised numbers a few months later and maybe find out in december what the true number was or were in september. but we have new numbers out of ohio. the all important battle ground state of ohio where president obama has been leading significantly there. in recent polls, well not significantly, but 5 or 4 points...
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follow jack welch at jack underscore welch. i'll be tweeting tonight. >>> up next, mitt romney now says his remarks on the 47% were in his words, totally wrong. why did he spend the last two weeks defending them and his surrogates did? keeping them honest on that. and looking to appear more moderate on a whole range of issues. we'll be right back. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. that make kids happy. and even fewer that make moms happy too. with wholesome noodles and bite sized chicken, nothing brings you together like chicken noodle soup from campbell's. it's amazing what soup can do. like chicken noodle soup from campbell's. if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, b
follow jack welch at jack underscore welch. i'll be tweeting tonight. >>> up next, mitt romney now says his remarks on the 47% were in his words, totally wrong. why did he spend the last two weeks defending them and his surrogates did? keeping them honest on that. and looking to appear more moderate on a whole range of issues. we'll be right back. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of...
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jack welch is here and only here. welcome, everyone, i am here no neil cavuto and this is "your world." the tweak that has everyone talking, jerk welch tweeting this moments after the release of the jobs report. these chicago guys will do anything. can't debate? change the numbers. the labor secretary calling the charge "ludicrous." jack welch. >>guest: i have been called worse than that by some. look, i have no idea where this number came from but you look at it and we added 600,000 jobs in the government sector in august and september which is the largest number we have had since the study has been done, 600,000 jobs. in september, household employment added 780,000 jobs. that's the highest since 1983. i have been reviewing bigs all week, some dozen businesses. no one is stronger than they were in the third quarter than in the 2nd quarter. we have been told there are needed 150,000 to 200,000 to stay even. the last two months we have gone from 83 to 81, and now we are changing the household number assumptions. i don
jack welch is here and only here. welcome, everyone, i am here no neil cavuto and this is "your world." the tweak that has everyone talking, jerk welch tweeting this moments after the release of the jobs report. these chicago guys will do anything. can't debate? change the numbers. the labor secretary calling the charge "ludicrous." jack welch. >>guest: i have been called worse than that by some. look, i have no idea where this number came from but you look at it and...
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yesterday jack welch, the former chairman and ceo of ge, tweeted unbelievable job numbers. these chicago guys will do anything. can't debate, so change numbers. he's obviously very influential man. when he tweets, people listen. is there any way that these kinds of numbers can be manipulated? >> he tweets, people listen, they retweet, they write about it and we certainly talked about it a lon on cnbc. the fact of the matter is the bureau of labor statistics has been calculating this number since 1948. it's a scientific survey. they poll 140,000 businesses. you definitely have a giant sample here. what some people are saying is a possibility is that the type of businesses sampled were ones that were skewed towards jobs added. those place where is they might have add more part-time workers. we also saw a giant jump in the number of people employed from the age group of 20 to 24. the biggest jump since 1964. some of these businesses that employed more young people being pulled? it's unlikely. it's really an issue of how much data you can actually get together in 30 days time.
yesterday jack welch, the former chairman and ceo of ge, tweeted unbelievable job numbers. these chicago guys will do anything. can't debate, so change numbers. he's obviously very influential man. when he tweets, people listen. is there any way that these kinds of numbers can be manipulated? >> he tweets, people listen, they retweet, they write about it and we certainly talked about it a lon on cnbc. the fact of the matter is the bureau of labor statistics has been calculating this...
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we're going the talk to jack welch live about it when he joins me at the top of the hour. also, tonight, how one woman's alleged lie working in a crime lab in massachusetts is calling into question, get this. 34,000 criminal cases. 34,000. people already being released from jail because of this woman's suspected fraud. it is an unbelievable story. all that and a lot more you need to know about the meningitis outbreak, two different scares. >> sounds like a great show. i hope everybody stays tuned. our fifth story "outfront", gunk. american airlines now says messy passengers are to blame for seats that came loose an at least three recent flights. the airline claims spilled soda and coffee gunked up a seat locking mechanism over time. the incidents forced the airline to take 48 boeing 757 jets out of commission for repairs. what's behind this explanation and does it all add up? william mcghee is the author of attention all passenger, the airline's dangerous decent and how to reclaim our skies. do you buy this? >> no. i think most people feel that the gunk is bunk. >> that al
we're going the talk to jack welch live about it when he joins me at the top of the hour. also, tonight, how one woman's alleged lie working in a crime lab in massachusetts is calling into question, get this. 34,000 criminal cases. 34,000. people already being released from jail because of this woman's suspected fraud. it is an unbelievable story. all that and a lot more you need to know about the meningitis outbreak, two different scares. >> sounds like a great show. i hope everybody...
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>> forget what jack welch said. i'm talking about people who are trying to say that perhaps people have given up. and if you look into the numbers of the bureau of labor and statistics put out, the number of people who are discouraged and have given up has gone down in the past year by 235,000. and in the past four years, by over 400,000. that number is being skewed out there by those who want to say that the job numbers aren't what they appear to be. long-term unemployment is still very, very high, but those people are still looking. >> the u-6 number for those cognizant. >> coming up -- >> you're right. republicans are in the dumps. you're right. >> no, they're trying to pretend the numbers that they depend on when they're good in their camp. >> you can't have it all. >> are skewed. >> i don't know. if it continues this way, i think republicans can have it all. >> they're not. not going to have it all. >> coming up -- i'm so excited for what's happening later in the show. we're going to talk to chicago mayor rahm
>> forget what jack welch said. i'm talking about people who are trying to say that perhaps people have given up. and if you look into the numbers of the bureau of labor and statistics put out, the number of people who are discouraged and have given up has gone down in the past year by 235,000. and in the past four years, by over 400,000. that number is being skewed out there by those who want to say that the job numbers aren't what they appear to be. long-term unemployment is still very,...
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jack welch, conservative guy, came out and said unbelievable jobs numbers. these chicago guys will do anything. is there any reason for any of us to believe that these numbers might be wrong or cooked or -- >> well, it's a good question. first of all, the most important number is going to be the one that comes out 30 days from now. remember we have one more unemployment rate, unemployment picture that comes out the friday before the election. so that will obviously be the most important one in terms of the outcomes of who wins this election. but, yeah, this was generally a pretty good number. i want to go back to that point. we still have this wide diversion in these two reports in terms of where the employment picture is. one other statistic, if i may, that's not so rosie is when we look at the broad rate of unemployment, which includes people who can't find a full-time job and we include people who have dropped out of the labor force because they've just become discouraged, that number is still 14.7%. that's still a very high number and very economically t
jack welch, conservative guy, came out and said unbelievable jobs numbers. these chicago guys will do anything. is there any reason for any of us to believe that these numbers might be wrong or cooked or -- >> well, it's a good question. first of all, the most important number is going to be the one that comes out 30 days from now. remember we have one more unemployment rate, unemployment picture that comes out the friday before the election. so that will obviously be the most important...
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welch. what does it say about partisanship in the country? >> it says that it starts to rot people's brains. the theory is just -- we need a good name for this. i nominate job nutters. but this really is ridiculous. this is -- first things first, this is good news for the country. and, yes, it benefits the president because it adds to argument. it takes away the argument that unemployment rate's been over 8%. it's a positive sign for the country. and frankly, it gives the president a boost in the wake of a terrible debate performance. but bottom line, it's a sign that the trend is moving away from the debt sweep we've dealt with. >> let me pick up on that. some democrats are saying what debate? how much of a boost does it really give the president, given the lackluster nature of his performance the other night? >> it doesn't give the president a do-over. he had a lousily first debate. that hurts. it's not determinative. the economy's issue number one. this is a boost. it helps change the top
welch. what does it say about partisanship in the country? >> it says that it starts to rot people's brains. the theory is just -- we need a good name for this. i nominate job nutters. but this really is ridiculous. this is -- first things first, this is good news for the country. and, yes, it benefits the president because it adds to argument. it takes away the argument that unemployment rate's been over 8%. it's a positive sign for the country. and frankly, it gives the president a...
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i like jack. i'm fond of the guy obviously. jack welch raised the question. it was his business instinct the and attitude towards this president, that came together at 8:35 and tweeted out this unbelievable jobs numbers, these chicago guys will do anything. can't debate so they change the numbers. i'll go back to what i just heard ezra klein say a few minutes ago out here in the room, that a 0.3% shift in the unemployment rate is not wild. it's conceivable. your thoughts? >> that's absolutely true. i mean, what i just heard from jack welch was about with respect, i guess was about ten minutes of absolute nonsense with no grounding in what the bureau of labor statistics actually does. he's absolutely right, that a very large jobs number in the household survey is an outlier, it's unusual. these things happen. that number has a large margin of error around it. the bureau of labor statistics are very public about that. >> these are nonpoliticians, absolute bureaucratic government surveys is. >> that's the point. it wasn't that jack welch was raising a question o
i like jack. i'm fond of the guy obviously. jack welch raised the question. it was his business instinct the and attitude towards this president, that came together at 8:35 and tweeted out this unbelievable jobs numbers, these chicago guys will do anything. can't debate so they change the numbers. i'll go back to what i just heard ezra klein say a few minutes ago out here in the room, that a 0.3% shift in the unemployment rate is not wild. it's conceivable. your thoughts? >> that's...
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so you have a president of the united states so deeply distrusted, by people like jack welch, who is hardly a right winger. welch is one of the most successful businessman in america. welch instantly assumes this is the chicago machine. it's worth looking at. >> this has been, this is really making me crazy. the federal reserve gets questioned now for politics these days. the supreme court and john roberts gets questioned. we have corroded what we're doing. we are corroding trust in our government in a way, and one time responsible people are doing, to control it. and the idea that donald trump and jack welch, rich people with crazy conspiracies can get traction on this. is a bad, is a bad trend. >> i assume david there's a number of people that believe the real unemployment report is somewhere in a safe in nairobi with the president's kenyan birth certificate. this stuff is absolutely crazy. the notion quite frankly that somebody as well respected as jack welch would go on television and single-handedly embarrass himself for the entire day of friday, by saying somehow that these sta
so you have a president of the united states so deeply distrusted, by people like jack welch, who is hardly a right winger. welch is one of the most successful businessman in america. welch instantly assumes this is the chicago machine. it's worth looking at. >> this has been, this is really making me crazy. the federal reserve gets questioned now for politics these days. the supreme court and john roberts gets questioned. we have corroded what we're doing. we are corroding trust in our...
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want to talk about the jack welch. do we have that confirmed? i don't know that we do. jack welch may have resigned -- >> we don't have it confirmed. >> this is how we do things on fx. >> tweet about it right. >> i read the story. a story in fortune that says jack welch has resigned from his columnist job at fortune and reuters in the wake of the conspira his conspiracy tweet. >> it appears that he -- appears he was miffed about the fact that those publications wrote stories critical of what he had said. >> i wrote a critical story. sister publication. >> just for the record was totally insane. >> totally insane conspiracy theory, one of many floating out there. the repercussions -- >> also in the same piece asked to see obama's birth certificate. >> yes. >> i think his college records he's looking for now. >> how will jack welch pay the represent now? >> we're all worried. >> i'm sure you'll be taking up jobbers and birthers in your -- >> just become 47%. >> i am open to take that job if they need someone. >> thank you to my panel, john, rana, kamal and david's ebook,
want to talk about the jack welch. do we have that confirmed? i don't know that we do. jack welch may have resigned -- >> we don't have it confirmed. >> this is how we do things on fx. >> tweet about it right. >> i read the story. a story in fortune that says jack welch has resigned from his columnist job at fortune and reuters in the wake of the conspira his conspiracy tweet. >> it appears that he -- appears he was miffed about the fact that those publications...
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you have jack welch who euned to own nbc, the majority owner. he said this is unbelievable. the chicago guys will do anything to change the numbers. let's take a look at welch mareking his roumts and some at fox news picking up on the idea that they can't be trusted. >> look. i don't know what the right number is, but i'll tell you these numbers don't smell right when you think about where the economy is right now. >> there is widespread mistrust because there are contradictions. >> some report there are numbers that will come out on the eve of the election. >> you know, these are volatile figures and sometimes have to be revised. but to go and charge that the administration had manipulated this for political gain, don't you need some evidence for that? >> think it's unfortunate that jack welch who has this storied business career now appears to be stark raving mad in the donald trump category and i think this reaction is what it should have been even from a lot of people on the right and said, now, come on, you can argue about certain things but if they wanted to cook the b
you have jack welch who euned to own nbc, the majority owner. he said this is unbelievable. the chicago guys will do anything to change the numbers. let's take a look at welch mareking his roumts and some at fox news picking up on the idea that they can't be trusted. >> look. i don't know what the right number is, but i'll tell you these numbers don't smell right when you think about where the economy is right now. >> there is widespread mistrust because there are contradictions....
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. >> i'm going to go with jack welch on this one. >> how convenient that the rate drops below 8% for the first time in 43 months, five weeks before an election. >> right back to where it was january 2009. >> folks? this is more than a quinhe coul incidence. >> what would explain why after unemployment has been steadily declining for the last year that now suddenly right before the election it declines a little more. please! i think we know what's going on here. >> what are people insinuating here? that the books are cooked? >> a lot of people are saying that government is cooking the books here. >> these guys are saying they feel like they cooked the books. >> look, i got to say if you're cooking the books, 7.8% unemployment, get the. [ beep ] recipe. if you're cooking, make something nice for people. hey, unemployment's 2.6%. everybody, we're going to eat! >> ever since mitt romney called out big bird by name at last week's presidential debate, president obama's campaign has been having a lot of fun with it. at a san francisco fund-raiser last night, president obama himself once aga
. >> i'm going to go with jack welch on this one. >> how convenient that the rate drops below 8% for the first time in 43 months, five weeks before an election. >> right back to where it was january 2009. >> folks? this is more than a quinhe coul incidence. >> what would explain why after unemployment has been steadily declining for the last year that now suddenly right before the election it declines a little more. please! i think we know what's going on here....
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et cetera talk about jack welch still stirring the pot on this. almost all bona fide economists, many who have advised both, you know, presidents of both parties have said there was a statistically anomaly showing the unemployment rate fell but only 114,000 jobs were created and anomalies after when you look at a long series of data. jack welch, the 7.8% unemployment figure released by the bureau of labor statistics last week is down right implausible. this is a tweet, unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers. >> let's be clear. when people were really most upset about is jack welch directly saying that somehow the obama campaign twisted the numbers. >> right. and, look, you can talk about how debt are collected, you can talk about statistically anomalies, about the fact that the recovery has been subpar. that's what jack welch is saying he's right about, the recovery has been supposed par. everyone was having that real conversation. but to say that someone directly changed the numbers because
et cetera talk about jack welch still stirring the pot on this. almost all bona fide economists, many who have advised both, you know, presidents of both parties have said there was a statistically anomaly showing the unemployment rate fell but only 114,000 jobs were created and anomalies after when you look at a long series of data. jack welch, the 7.8% unemployment figure released by the bureau of labor statistics last week is down right implausible. this is a tweet, unbelievable jobs...
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ceo jack welch. unbelievable job numbers. they can't debate so they change the numbers. he appeared earlier today on "your world." >> these numbers don't smell right when you think about where the economy is right now. every economist predicted roughly 90,000 to 120,000. this economy doesn't feel like the employment improved this level. it is just -- maybe it's a coincidence that the month before the election, we have a number that comes out 1/10th below when the president took office. >> sean: jack welch is not the only one tawing of this timely development. listen to what business insider said on fox business new york this morning. >> i feel like i am watching a movie, a suspense movie. because there is no way in the world these numbers are accurate. and somebody needs to dig real deep into this. how in the world, miraculously, we have the best flz 30 years, right before the election? somebody needs to do an investigation, like they are doing an investigation in libbia. they need to investigate the numbers because there is no way in the world these numbers are accurate
ceo jack welch. unbelievable job numbers. they can't debate so they change the numbers. he appeared earlier today on "your world." >> these numbers don't smell right when you think about where the economy is right now. every economist predicted roughly 90,000 to 120,000. this economy doesn't feel like the employment improved this level. it is just -- maybe it's a coincidence that the month before the election, we have a number that comes out 1/10th below when the president took...
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rick, what do you make of what happened to him, to jack welch? >> well, again, you know, i think what we just heard from charles, who is a prominent liberal, is exactly part of i think this problem, is that we whittle around the fact that when liberals are intolerant, we can't say it for some reason. we have to pretend like it's -- everyone is intolerant and we just can't say look, it's wrong to go after stacey because she's decided as a black woman to support mitt romney. >> who didn't say that? i just said that. >> let me finish. >> what are you talking about? i just said that. >> you actually didn't say that. >> i said it was wrong to go after stacey. are you seriously saying that i didn't say that? >> what i'm saying, charles, is that you can't just say that intolerance exists. what you need to be able to do is say when liberals are intolerant that it's wrong and call them out on it. you are somebody who they look up to. if you said it, if you called it out without having piers morgan pull it out of you, it -- >> nobody pulled anything out of
rick, what do you make of what happened to him, to jack welch? >> well, again, you know, i think what we just heard from charles, who is a prominent liberal, is exactly part of i think this problem, is that we whittle around the fact that when liberals are intolerant, we can't say it for some reason. we have to pretend like it's -- everyone is intolerant and we just can't say look, it's wrong to go after stacey because she's decided as a black woman to support mitt romney. >> who...
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. >>> well, jack welch. the former head of general electric, a partial partner to this network, will no longer contribute to reuters. the tweet suggested the white house manipulated jobs numbers for political gain. >>> a doggy day care outside of chicago has stepped in it so to speak with the nation's biggest coffee chain. starbucks is asking star barks to change its name and logo to avoid any customer confusion. >>> a new study out of denmark finds that the more expensive running shoes do not prevent injuries or make you run faster. >>> and it's that time of year again. the nieman marcus 2012 christmas catalog is out and it is complete with all the outlandish gifts like his and her diamond studded watches for a cool $1.1 million. bill, that's our christmas gift to each other. >>> coming up, san francisco stays alive, a bountygate update and the space jump will have to wait. >>> plus, the athletics steal game three from the tigers. your sports headlines are straight ahead. >>> i thought my gift to lynn was a
. >>> well, jack welch. the former head of general electric, a partial partner to this network, will no longer contribute to reuters. the tweet suggested the white house manipulated jobs numbers for political gain. >>> a doggy day care outside of chicago has stepped in it so to speak with the nation's biggest coffee chain. starbucks is asking star barks to change its name and logo to avoid any customer confusion. >>> a new study out of denmark finds that the more...
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but i thought it was surprising that jack welch. think before you tweet. >> greta: yes, indeet deed. he is getting a lot of heat for that. >> i think it's a mixed message. the unemployment number is driven by the household survey, which is very volatile. september typically scr is the most volatile month. what i look at is the establishment survey, which is important because that is done with actual business scpoarns they are surveyed on a regular basis in terms of jobs they are creating. and the 114,000 jobs that were created this last month is very anemic, barely enough to keep up with population growth. so you couple the anemic job growth and the reset from gdp and revisited it to 1.2% growth last quarter. the fed is printing mon weqe3 and europe is imploding right now. we are looking at at an environment with a total void of leader help in washington. we are still in rough waters right now. >> greta: you know, i suspect as much as we wait around for the numbers every month and pay attention to them. i have a track here, which --
but i thought it was surprising that jack welch. think before you tweet. >> greta: yes, indeet deed. he is getting a lot of heat for that. >> i think it's a mixed message. the unemployment number is driven by the household survey, which is very volatile. september typically scr is the most volatile month. what i look at is the establishment survey, which is important because that is done with actual business scpoarns they are surveyed on a regular basis in terms of jobs they are...
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jack welch tweeted, former cege, who kno -- ceo of ge, he says this is unbelievable. they're messing with the numbers. steve forbes, former gop presidential candidate, berkeley man himself, retweeted it and said, jack is right. and then there was this entire universe. i joked about it. you're out of your mind if you don't think these numbers were cooked. yesterday jack welch went on my colleague "chris matthews show" and this is what transpired. >> you put out the word here, unbelievable jobs numbers, fair enough. these chicago guys will do anything so they change the numbers. what evidence do you have that they got to the bos? the chicago guys got to the bureau of labor statistics and jimmied these numbers by .3%. >> i have no evidence, i just raised the question. >> you came out and asserted not a question mark or talked about a coincidence, you said these chicago guys will do anything so they change the numbers. do you want to take that back? jimmying with these numbers. there was corruption here, infiltration, getting to the -- it's not funny, jack. you're talking
jack welch tweeted, former cege, who kno -- ceo of ge, he says this is unbelievable. they're messing with the numbers. steve forbes, former gop presidential candidate, berkeley man himself, retweeted it and said, jack is right. and then there was this entire universe. i joked about it. you're out of your mind if you don't think these numbers were cooked. yesterday jack welch went on my colleague "chris matthews show" and this is what transpired. >> you put out the word here,...
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jack welch tweeted this moments ago. unbelievable jobs numbers. these chicago guys will do anything, can't debate so change numbers end quote. martha: hilda so liz says that that notion is lewd today rust. joined by chris wallace anchor of fox news sunday . good morning, chris. >> good to be with you. martha: what do you make about the backlash for this 7.8 number? >> it's understandable, because it's good news for president obama at a time when he very much needed it. the fact is that he had a bad debate, that his campaign was raoeulgs a reeling, is an overstatement but hit a serious pothole. and the talking point, which is that the unemployment rate under this president has been over 8% for 48 months, they can't say that any more. and obviously some romney supporters aren't happy about that. martha: whenever you look at the economic numbers i always wonder. obviously as you point out the president's detractors will try to mine mice the number and the president will build it up. it's down to everyone's individual economic reality. if it's true th
jack welch tweeted this moments ago. unbelievable jobs numbers. these chicago guys will do anything, can't debate so change numbers end quote. martha: hilda so liz says that that notion is lewd today rust. joined by chris wallace anchor of fox news sunday . good morning, chris. >> good to be with you. martha: what do you make about the backlash for this 7.8 number? >> it's understandable, because it's good news for president obama at a time when he very much needed it. the fact is...
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jack welch went further obviously the former ceo of g.e. and he said unbelievable jobs numbers. the these chicago guys will do anything. can't debate so they change the numbers. set person who suggested something fishy was going on. >> and of course our own lou dobbs has said no the bureau of labor statistics is insulated entity and peter morris is i on our show a short time ago said no, this isn't the case that they would never cook the books for a white house. that's not something they would do. they are economists and statisticians and there might be anomaly in the numbers. here was jack welch yesterday talking to cavuto and he said something smells funny here, listen. >> these numbers don't smell right when you think about where the economy is right now. every economist this morning predicted roughly 90 to 120,000 and 8.2 unemployment came out very favorably just one tenth of a point below when the president took office. >> well, it's funny when people manipulate numbers back and forth on both sides. i always think about the 23 million people who don't have a job and you guy
jack welch went further obviously the former ceo of g.e. and he said unbelievable jobs numbers. the these chicago guys will do anything. can't debate so they change the numbers. set person who suggested something fishy was going on. >> and of course our own lou dobbs has said no the bureau of labor statistics is insulated entity and peter morris is i on our show a short time ago said no, this isn't the case that they would never cook the books for a white house. that's not something they...
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jack welch, he went to as far to suggest that the numbers may be manipulated by the obama administration. do you think that the numbers add up? >> i think the suggestion that the numbers was cooked is relatively ridiculous. that being said. economists at the labor department will admit freely that there is a lot of margin of error in these numbers. a month after each job report these numbers are revised upward or downward. the question of the number came out of the household survey, 800,000 plus number, there is a lot of margin for error, possibly as much as 400,000. that is admitted by folks within the labor department, as well. i think you can't get too hung up on the overall numbers because typically these are revised upward or downward. that tends to happen a month later when we stop paying attention. >> heather: what will the numbers do in terms of swaying voters' opinions, specifically undecided voter? do you expect to see a change in the polls as a result of this? >> it's a tough question. i generally think the jobs reports do not move as much of opinion of voting public with the
jack welch, he went to as far to suggest that the numbers may be manipulated by the obama administration. do you think that the numbers add up? >> i think the suggestion that the numbers was cooked is relatively ridiculous. that being said. economists at the labor department will admit freely that there is a lot of margin of error in these numbers. a month after each job report these numbers are revised upward or downward. the question of the number came out of the household survey,...
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we were just talking about this tweet from jack welch. he tweeted, unbelievable numbers. the chicago guys will do everything. can't debate the numbers. it is lighting up the tweet sphere. >> there was a huge 873,000 increase in the household survey exceeding the 418 in the labor force. a lot of these numbers, is there wiggle room? there's assumptions, right? >> there's a lot of wiggle room. they're calling up people on the phone. who knows who answers the phone? nowadays you have cell phones and you're not going to answer the phone at home. my phone won't be answered because you'll say that's some weird person polling me. >> although some would say how come it goes and not above. that is volatile. >> because of that, don't trust the number like that. steve had the right answer. he was averaging on ten months and now it was his forecast that was easy. >> and to be honest with you, if i was going to manipulate them
we were just talking about this tweet from jack welch. he tweeted, unbelievable numbers. the chicago guys will do everything. can't debate the numbers. it is lighting up the tweet sphere. >> there was a huge 873,000 increase in the household survey exceeding the 418 in the labor force. a lot of these numbers, is there wiggle room? there's assumptions, right? >> there's a lot of wiggle room. they're calling up people on the phone. who knows who answers the phone? nowadays you have...
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i'm going to play you what jack welch had to say today. listen to this. >> these numbers don't smell right when you think about where the economy is right now. it's just ironic that these assumptions all came this way the month before the election. you draw your own conclusions. >> first, it's not actually ironic. but, i think this is what it's been really about. it doesn't sort of if fit jack welch's sense of economy smell. it feels a little off to poem. you deal with numbers every single month. so how do they feel to you? does this feelt like a surprising report to you? >> it was surprising. it was better than most people were expecting. it was better than any of the forecasters on wall street were predicting. but that happens sometimes. there's a reason they do these studies. if we already knew what was going to happen, there wouldn't be a point to doing it. and sometimes there's going to be surprises. the truth is, you alluded to this. a lot of the numbers are more consistent with what we're seeing in the economy. the payrolls number,
i'm going to play you what jack welch had to say today. listen to this. >> these numbers don't smell right when you think about where the economy is right now. it's just ironic that these assumptions all came this way the month before the election. you draw your own conclusions. >> first, it's not actually ironic. but, i think this is what it's been really about. it doesn't sort of if fit jack welch's sense of economy smell. it feels a little off to poem. you deal with numbers every...
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jarek jarek -- jack welch accusing the white house of manipulating this month's jobs data so it would look better for the president. always up for a good conspiracy theory republican congressman alan west of florida concurred and wrote, quote, in regards to today's jobs report i agree with former ge ceo jack welch. chicago style politics is at work here. from there it was sort of off to the races. republican congressman paul brown of georgia, quote, september jobs report raises questions. quote, i don't think bls cooked numbers. i think a bunch of dems lied about getting jobs. that would have the same effect. that was from a senior writer at something called the washington examiner, a conservative thing online. eric bolling who is at fox news, he wrote, wow. obama labor department smarter than all 25 of america's top economists. or something far more inside ous. i don't know. then there was this from conservative talk radio host laura ingram. quote, jobs numbers from labor secretary hilda solis are total pro obama propaganda. just looking on twitter you could see the ground swell on t
jarek jarek -- jack welch accusing the white house of manipulating this month's jobs data so it would look better for the president. always up for a good conspiracy theory republican congressman alan west of florida concurred and wrote, quote, in regards to today's jobs report i agree with former ge ceo jack welch. chicago style politics is at work here. from there it was sort of off to the races. republican congressman paul brown of georgia, quote, september jobs report raises questions....
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he put up i agree with former ge ceo jack welch. chicago-style work involved it. solis responded to the suggestion the numbers were cooked. >> i'm insulted when i hear that, because we have a very professional civil service organization where you have top, top economists that work at the bls. they've been doing these calculations. these are our best trained and best skilled individuals that have been working in the field. it's really ludicrous to hear that kind of statement. >> let's bring in our "news nation" political panel today. john harwood and zachary ca caribel. thank you, gentlemen, for joining me. john, i want to come to you first because i want to play what president obama and governor romney said just a short time ago reacting to the jobs reports. let me play those first, both of them. >> there were fewer new jobs created this month than last month, and the unemployment rate as you noted this year has come down very, very slowly. it's come down nonetheless. the reason it came down this year is primarily due to the fact that more and more people have jus
he put up i agree with former ge ceo jack welch. chicago-style work involved it. solis responded to the suggestion the numbers were cooked. >> i'm insulted when i hear that, because we have a very professional civil service organization where you have top, top economists that work at the bls. they've been doing these calculations. these are our best trained and best skilled individuals that have been working in the field. it's really ludicrous to hear that kind of statement. >>...
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tell you what, jack welch coming out swinging. very interesting. dennis: that is what it is like when a ceo has no editor to stop him from saying what he would like. which is why we love twitter. cheryl: when things cannot get worse for american airlines, think again. we will tell you were the troubled carriers grounding even more planes. dennis: and a big boost from cleveland. open for business and liz claman is there alive. look at oil, yesterday up, today down. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... a little bit more vanilla? this is great! [ male announcer ] at humana, we believe there's never been a better time to share your passions... because the results... are you having fun doing this? yeah. that's a very nice cake! [ male announcer ] well, you can't beat them. [ giggles ] ohh! you got something huh? whoa... [ male announcer ] humana understands the value of spending time together that's a lot of work getting that one in! let's go see the birdies. [ male announcer ] one on one, sharing what
tell you what, jack welch coming out swinging. very interesting. dennis: that is what it is like when a ceo has no editor to stop him from saying what he would like. which is why we love twitter. cheryl: when things cannot get worse for american airlines, think again. we will tell you were the troubled carriers grounding even more planes. dennis: and a big boost from cleveland. open for business and liz claman is there alive. look at oil, yesterday up, today down. want to try to crack it? yeah,...
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for jack welch to take this here, it's a cruel political joke. talk about normal for someone like jack welch to be taking to twitter and then dumping down on it in interviews and everything else. >> e.j., as joan just said, he doubled down. he was just on "hardball" and chris matthews gave him every opportunity to, you know, land on earth and he doubled down. let me show you what he said. >> jack, do you want to take back the charge? >> no, i don't want to take back one word in that tweet. >> so you would assert, as of now, 5:00 this afternoon, these chicago guys will do everything? >> i didn't say that they did. i said that they would do anything. >> okay. so first of all, e.j., you have been one of the esteemed journalists in this country. the unemployment figures has nothing to do with those that run the white house or in any way politically are connected with either party. i mean, is that right or wrong? >> no, that's totally right. and that's what's really important about this weird story. we really have obama der rangement syndrome going on
for jack welch to take this here, it's a cruel political joke. talk about normal for someone like jack welch to be taking to twitter and then dumping down on it in interviews and everything else. >> e.j., as joan just said, he doubled down. he was just on "hardball" and chris matthews gave him every opportunity to, you know, land on earth and he doubled down. let me show you what he said. >> jack, do you want to take back the charge? >> no, i don't want to take back...
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and later in the program, jack welch, what a clown. now they've got a new conspiracy theory. >> do you want to take that back? >> no, i don't want to take back one word in that tweet. vice presidential debate. with unrivaled analysis and commentary. >> was this the game changer? is this going to change the dynamic? (vo) the only network with real-time reaction straight from the campaigns and from viewers like you. >> so keep on tweeting and maybe you'll have your voice be part of this democracy and see your tweets up on our screen. >>now that's politically direct. ♪ ♪ ♪ ♪ nah, he's probably got... [ dennis' voice ] allstate. they can bundle all your policies together. lot of paperwork. actually... [ dennis' voice ] an allstate agent can help do the switching and paperwork for you. well, it probably costs a lot. [ dennis' voice ] allstate can save you up to 30% more when you bundle. well, his dog's stupid. [ dennis' voice ] poodles are one of the world's smartest breeds. ♪ ♪ bundle and save with an allstate agent. are you in
and later in the program, jack welch, what a clown. now they've got a new conspiracy theory. >> do you want to take that back? >> no, i don't want to take back one word in that tweet. vice presidential debate. with unrivaled analysis and commentary. >> was this the game changer? is this going to change the dynamic? (vo) the only network with real-time reaction straight from the campaigns and from viewers like you. >> so keep on tweeting and maybe you'll have your voice...
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so jack welch just can't let it go. said he was right about the strange jobs report. >> if you say so, sir. >>> in just a few hours the supreme court justices are going to begin hearing arguments concerning affirmative action in college admissions. abigail fisher claims the university of texas rejected her because she's white. let's talk to somebody who knows a lot about this firsthand. president of columbia university, president of university of michigan between 1996-2002, during which time he served as defendant in two supreme court case on affirmative action. thank you for talking with us. >> thank you for having me. >> when that case ended back in 2003, the sense was, maybe we'll need to discuss this for another 25 years. so here we are nine years later. affirmative action before the supreme court. what has changed that this is now before the supreme court again? >> well, i don't think anything has changed. i think the gruder decision which was in 2003 as you mentioned, really for the first time set down the princip
so jack welch just can't let it go. said he was right about the strange jobs report. >> if you say so, sir. >>> in just a few hours the supreme court justices are going to begin hearing arguments concerning affirmative action in college admissions. abigail fisher claims the university of texas rejected her because she's white. let's talk to somebody who knows a lot about this firsthand. president of columbia university, president of university of michigan between 1996-2002,...
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. >> jack welch has said today unbelievable job numbers, he tweeted. the chicago guys will do anything, can't debate so they change the numbers. is there any merit to the argument that these numbers aren't quite what they seem? >> i would be very cautious about saying that, piers, unless i had some kind of substantialation to it and of course, we don't want to sound like sour grapes over what is good news for america. somebody would have to show me the facts and then i would be glad to make the argument. >> do you think that either of these things, in the last 24 hours, barack obama's very lackluster, surprisingly poor debate performance, or these job numbers today, do either of them constitute in any form a kind of game change moment? >> i think the debate certainly does. americans watched those debates that may not watch the next two, that saw a mitt romney that was a direct contradiction to the hundreds of millions of dollars worth of attack ads, especially in swing states, that the obama campaign has spent painting mitt romney as some kind of insen
. >> jack welch has said today unbelievable job numbers, he tweeted. the chicago guys will do anything, can't debate so they change the numbers. is there any merit to the argument that these numbers aren't quite what they seem? >> i would be very cautious about saying that, piers, unless i had some kind of substantialation to it and of course, we don't want to sound like sour grapes over what is good news for america. somebody would have to show me the facts and then i would be glad...
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jack welch questioning the jobs report last friday. today he is using a few more than 140 characters to explain. we're going to talk about his op ed. at 8:00 a.m., jack will be calling into the show to talk about things. all of that coming up. on the lighter side of things, we'll be talking sports. in baseball, the playoffs last night. the a's beating the tigers 2-0. detroit now leads the series 2-1. the reds lost 2-1, but cincinnati still leads the series two games to one. we'll have more in squawk sports at 6:20 eastern. that's a good one i was watching. the next hour, we'll talk about golf. rhys jones is our guest host. he designs courses. andrew, good morning. >> thank you, becky. let's talk about earnings, starting with alco waalcoa. stronger demand for aluminum products, from airplanes and automobile producers. this offset weak aluminum prices and worries about china's slumping economy and that's probably the bigger and more important piece of all of this. the ceo cautioning that the company's noticed a slight slowdown in some re
jack welch questioning the jobs report last friday. today he is using a few more than 140 characters to explain. we're going to talk about his op ed. at 8:00 a.m., jack will be calling into the show to talk about things. all of that coming up. on the lighter side of things, we'll be talking sports. in baseball, the playoffs last night. the a's beating the tigers 2-0. detroit now leads the series 2-1. the reds lost 2-1, but cincinnati still leads the series two games to one. we'll have more in...
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. >> of course last week it was former general electric chief jack welch, alan west and right wing pundits making the allegation. we should remind viewers what got them so siexcited. until a few days guy conservatives were claiming all of the national polls, saying, they must have been off. the latest gallup tracking poll shows president obama's lead widening to five points again. today president obama was shoring up the hispanic vote just days before voter registration deadlines in 11 states. the president dedicated a moment to caesar chavez. >> where there had once been despare, geez ared dis/* dispare, caesar gave people hope. whether it was bet are work conditions, that was a reminder that we are all god's children. >> dedicating a monument to caesar chavez within let's bring in correspondent from magazine. ari, president obama is not taking his lead or strength from the hispanic community. he wants more. he is trying to really solidify this. play to his base. how smart a strategy is it? >> i think it is smart and i think what the president has to do right now is get out there and get
. >> of course last week it was former general electric chief jack welch, alan west and right wing pundits making the allegation. we should remind viewers what got them so siexcited. until a few days guy conservatives were claiming all of the national polls, saying, they must have been off. the latest gallup tracking poll shows president obama's lead widening to five points again. today president obama was shoring up the hispanic vote just days before voter registration deadlines in 11...
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. >> former white house press secretary robert gibbs today also touched on the jack welch tweet. >> you wonder why institutions in this country are the perception of institutions in the country are failing because people go on tv and make stuff up. ask for the evidence and he said he had none. >> we continue to make progress. 31 consecutive months of private sector job growth. certainly we are not where we want to be. >> many analysts who combed through the unemployment data released attribute the decline to a big increase in part-time work. people looking for full-time jobs unable to find them and they are settling for part-time jobs. there were some 582,000 new part-time jobs created last month. the bureau of labor statistics categorizes the number as "part time for economic reasons." not exactly a vote of confidence in the state of the economy, shannon. >> shannon: all right, doug. a lot more on the numbers. we will break them down later with ben stein, well known economist and author and humorist as well. we might need a little bit of that. thank you, doug. is the lower unemployment
. >> former white house press secretary robert gibbs today also touched on the jack welch tweet. >> you wonder why institutions in this country are the perception of institutions in the country are failing because people go on tv and make stuff up. ask for the evidence and he said he had none. >> we continue to make progress. 31 consecutive months of private sector job growth. certainly we are not where we want to be. >> many analysts who combed through the unemployment...
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because all of the fuss over the 7.8% unemployment number last friday and jack welch having a fit and conspiracy theorists everywhere, part of it is what is happening in this economy. employers are hiring part time. we are looking at explosions in part-time hiring, so people can avoid, employers can avoid benefits where it is, ultimately, by 2014 obama obamacare or whether it is now in providing any kind of insurance, any kind of benefit, even 401(k)s. alisyn: is in the new normal? even if obamacare never happens, is this now how employers are going to treat employees? >> i think it depends on the choices made, frankly, on november 6th. it is the new normal under the policies we've followed for four years. if this is the new normal you want, that choice is pretty clear. if it isn't, it's time to think about new directions. l. alisyn: lou dobbs, great to see you. thanks so much. >>> a major warning for american motorists, the danger that could be lurking inside your car. we're live with that story next. when you have diabetes... your doctor will say get smart about your weight. that's
because all of the fuss over the 7.8% unemployment number last friday and jack welch having a fit and conspiracy theorists everywhere, part of it is what is happening in this economy. employers are hiring part time. we are looking at explosions in part-time hiring, so people can avoid, employers can avoid benefits where it is, ultimately, by 2014 obama obamacare or whether it is now in providing any kind of insurance, any kind of benefit, even 401(k)s. alisyn: is in the new normal? even if...
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you are jack welch. jack, you have to take this opportunity while everybody is listening to you to actually, say, yes, anderson, i am taking that tweet back and send a new tweet to say, i was exaggerating. there are problems bls should look into it, but throw out an accusation, that is like asking the government -- >> look at this. we had 25 economists polled before this number came out. the average number they expected was about 115,000. not one of them had a number below 8.1. >> the bureau of labor statistics, which determines the unemployment number is a nonpolitical and independent agency, by the way. >>> hundreds, if not thousands of convicted criminals could go free, all because of this chemist. the outrageous allegations about a massachusetts drug lab. >> i'm dr. sanjay gupta. meet jennifer, founder of code for america. it's kind of a peace corps for geeks. >> most people have seen that geek s have whicchanged the wor much in the past 10, 20 years, they haven't changed government yet. we get peopl
you are jack welch. jack, you have to take this opportunity while everybody is listening to you to actually, say, yes, anderson, i am taking that tweet back and send a new tweet to say, i was exaggerating. there are problems bls should look into it, but throw out an accusation, that is like asking the government -- >> look at this. we had 25 economists polled before this number came out. the average number they expected was about 115,000. not one of them had a number below 8.1. >>...
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follow jack welch at jack underscore welch. i'll be tweeting tonight. >>> up next, mitt romney now says his remarks on the 47% were in his words, totally wrong. why did he spend the last two weeks defending them and his surrogates did? keeping them honest on that. and looking to appear more moderate on a whole range of issues. we'll be right back. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. whatever your business challenge, one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a drea
follow jack welch at jack underscore welch. i'll be tweeting tonight. >>> up next, mitt romney now says his remarks on the 47% were in his words, totally wrong. why did he spend the last two weeks defending them and his surrogates did? keeping them honest on that. and looking to appear more moderate on a whole range of issues. we'll be right back. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of...